Searches and Hires

RCN Telecom Services switches to Lincoln Financial as record keeper for 401(k) plan

RCN Telecom Services LLC, Princeton, N.J., hired Lincoln Financial Group as record keeper of its 401(k) plan, according to a letter to employees on the plan's website.

Lincoln Financial replaced John Hancock Financial Services effective Oct. 2. According to the letter, the company worked with consultant A.P. Lubrano & Co. to "evaluate the record-keeping providers in the marketplace" and selected Lincoln Financial "after an extensive review process."

As of Dec. 31, 2015, the RCN Cable Retirement Savings Plan had $78 million in assets, according to the company's most recent Form 5500 filing.

Jackie Fraser, RCN spokeswoman, could not immediately provide further information.